MMRDA is formulating a multi modal project viz Mumbai Urban Transport Project - II (MUTP-II) for bringing about improvement in traffic and transportation situation in the MMR with the World Bank assistance
STATUS OF MUMBAI URBAN TRANSPORT PROJECT (MUTP) IN BEST
Out of total estimated cost of Rs. 4526 Crs. Of the entire project, the BEST's component is Rs. 125 Crs. This amount is to be used for -
Out of Rs. 125 Crs., World Bank loan was Rs.118 crores and BEST counterpart fund was Rs. 7 Crs. As against this, actual cost will be Rs.106.26 Crs (i.e Rs.104.28 Crs. Towards buses + Rs.1.98 Crs towards consultancy as per tenders invited).